EXHIBIT 99.1
FOR IMMEDIATE RELEASE
American Science and Engineering, Inc. Receives Follow-On $15.7 Million Order from the
U.S. Government under ID/IQ Contract
Second Delivery is for 20 Z Backscatter Vans
BILLERICA, Mass. – November 17, 2005 – American Science and Engineering, Inc. (NASDAQ: ASEI) (AS&E®), a leader in X-ray detection technology, announced today a follow-on order from an ID/IQ Contract opened in August by the U.S. Government for multiple Z® Backscatter Vans™ (ZBV). The second delivery is for twenty ZBVs totaling $15.7 million. The order includes options, operator training, spare parts and warranty.
“This follow-on order confirms the Z Backscatter Van’s value to the U.S. Government and the recognition of its unparalleled detection capabilities,” said Anthony Fabiano, President and CEO. “The ZBVs will be supporting U.S. officials in critical applications to secure borders and support anti-terrorism efforts to uncover vehicle-borne explosives and other high-risk material. Reports from field performance are outstanding — the ZBV is helping to find car and truck bombs providing vital force protection equipment for our troops. We are honored to work closely with the U.S. Government to combat these threats.”
A breakthrough in X-ray detection technology, AS&E’s Z Backscatter Van is a low-cost, highly mobile screening system built into a commercially available delivery van. The ZBV allows for immediate deployment in response to security threats, and its high throughput capability facilitates rapid inspections. The system’s unique “drive-by” capability allows one or two operators to conduct X-ray imaging while the ZBV drives past suspect vehicles and objects.
About AS&E®
American Science and Engineering, Inc. (AS&E) is the leading worldwide supplier of innovative X-ray inspection and screening systems. With more than 45 years of experience in developing advanced X-ray security systems, the Company’s product line utilizes a variety of technologies, including patented Z® Backscatter™, Shaped Energy™ and Radioactive Threat Detection (RTD). These technologies offer superior detection of threats including plastic explosives, plastic weapons, illegal drugs, other contraband, dirty bombs and nuclear devices. AS&E offers a complete range of X-ray inspection products including Z® Backscatter screening systems, CargoSearch™, and ParcelSearch™ inspection systems, used for critical detection and security applications to combat terrorism, drug and weapon smuggling, trade fraud, and illegal immigration. AS&E customers include leading governmental agencies, border authorities, military bases, airports and corporations worldwide, including the U.S. Department of Homeland Security, U.S. Department of Defense, U.S. Customs and Border Protection, Royal Thai Police, HM Customs & Excise (U.K.) and Hong Kong Customs. For more information on AS&E products and technologies, please visit www.as-e.com.
Contact:
Dana Harris | | Laura Berman |
Red Javelin Communications, Inc. | | American Science and Engineering, Inc |
978-440-8392 | | 978-262-8713 |
dana@redjavelin.com | | lberman@as-e.com |
Safe Harbor Statement. The foregoing press release contains statements concerning AS&E’s financial performance, markets and business operations that may be
considered “forward-looking” under applicable securities laws. AS&E wishes to caution readers of this press release that actual results might differ materially from those projected in any forward-looking statements. Factors which might cause actual results to differ materially from those projected in the forward-looking statements contained herein include the following: significant reductions or delays in procurements of the Company’s systems by the United States and other governments; disruption in the supply of any source component incorporated into AS&E’s products; litigation seeking to restrict the use of intellectual property used by the Company; potential product liability claims against the Company; global political trends and events which affect public perception of the threat presented by drugs, explosives and other contraband; global economic developments and the ability of governments and private organizations to fund purchases of the Company’s products to address such threats; and the potential insufficiency of Company resources, including human resources, capital, plant and equipment and management systems, to accommodate any future growth, and future delays in federal funding. These and certain other factors which might cause actual results to differ materially from those projected are detailed from time to time in AS&E’s periodic reports and registration statements filed with the Securities and Exchange Commission, which important factors are incorporated herein by reference. AS&E undertakes no obligation to update forward looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes in future operating results, financial condition or business over time.
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